A negative net asset value is probably the chief reason why this is still at less than $20m market cap despite all the progress made on the revenue front. How big of an improvement will we see in the half yearly? No idea, but from Ted's twitter, it seems to be indicating something big.
Personally, am expecting most of the legacy debt on the balance sheet to be wiped bringing the company to positive NAV position. Let's see on Monday.
EN1 Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
